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so i'm getting the sentence that harry reid and the democrats don't want a deal. they want to go off the cliff. >> well, and that's certainly one opinion that's out there, andrea. the cpi aspect, democrats said, you know, we were willing to do that if you were talking about a huge 4 trillion dollar teal deal where we're going to cut a lot of different things, but as part after smaller deal they're trying to iron out over the course this have weekend, they said that that was a poison pill. so bottom line, they were not happy with this at the last minute. they made it well-known to everybody today to certainly stop it from happening so then we heard from a lot of republicans saying, fine, if it's a deal breaker, we're not going to do it and certainly the republicans would like some other sweeteners that would be appealing to them in the final deal. >> and do people in washington, to they realize how angry a lot of americans are? we're down to the wire on a financial crisis that we haven't seen in a long, long time, and there's no agreement. they're scrabbling like k
so i'm getting the sentence that harry reid and the democrats don't want a deal. they want to go off the cliff. >> well, and that's certainly one opinion that's out there, andrea. the cpi aspect, democrats said, you know, we were willing to do that if you were talking about a huge 4 trillion dollar teal deal where we're going to cut a lot of different things, but as part after smaller deal they're trying to iron out over the course this have weekend, they said that that was a poison pill....
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harry reid followed by johnson -- john thune. >> thank you. i was gratified to hear the cuts are off the table. they should never have been on the table to begin with. there is still significant difference between the two sides. negotiations continue. we intend to continue negotiations. we will come in at 11:00 a.m. tomorrow morning. we will have further announcements. i hope so. >> next, talking about the fiscal cliff. john thune. >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions still continue. senator mcconnell and vice president joe biden are continuing to discuss this and we think there still could be a path forward. democrats have come out and made a huge deal out of changing th
harry reid followed by johnson -- john thune. >> thank you. i was gratified to hear the cuts are off the table. they should never have been on the table to begin with. there is still significant difference between the two sides. negotiations continue. we intend to continue negotiations. we will come in at 11:00 a.m. tomorrow morning. we will have further announcements. i hope so. >> next, talking about the fiscal cliff. john thune. >> thank you for the update. midafternoon...
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>> well, i think there's probably -- i don't know if that's being for harry reid so much. i definitely know that is the opinion of some liberals in the house, but i've spoke to a member today who is pretty middle of the road centrist democrat, and he told me that he did not like the fact that there's no guarantee for the debt limit to go up within -- for an extension of the year tored to get those 450,000 rates. i think what people need to see here is if you look back at what's happened to this congress with boehner and mcconnell and the house gop, this is what they do in negotiations. they go all the way to the end. they try to bring the white house to their knees. they get everything they want. there's this idea that, well, maybe they'll come back the next time and try to get it done ahead of schedule and we'll all sing kum baya. this really is in the hands of congress, and we saw how that played out in 2011. >> i want to bring the panel in, because i think that luke just hit on the point that i wanted to get to. i want to quickly just read you a quote from jonathan who
>> well, i think there's probably -- i don't know if that's being for harry reid so much. i definitely know that is the opinion of some liberals in the house, but i've spoke to a member today who is pretty middle of the road centrist democrat, and he told me that he did not like the fact that there's no guarantee for the debt limit to go up within -- for an extension of the year tored to get those 450,000 rates. i think what people need to see here is if you look back at what's happened...
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senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits smaller checks. does it soun
senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still...
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you just heard senate majority harry reid. he spoke. from what you know about the details of this biden deal, did we get it right? is there any other detail you're aware of here? >> i'm not aware of all the specifics. i think generally you outlined what i have understood as the present status of negotiations. all of us believe i think that going over the cliff should not be the option that we follow. but it's been very, very difficult to get any kind of agreement in this congress. i don't mean just the last few days but in this congress, unfortunately. but giving up is not an option for us. we have another 13 hours as has been pointed out if we can reach agreement, if we can have a unanimous consent in the senate i think there is still time to act but of course it's running out very, very quickly. >> how is the mood? do you feel good about this? or do you believe we'll go over the cliff here? >> well, i'm still hopeful. while we're here all the members are in washington, ready to act. the issue is whether or not we can come to a consens
you just heard senate majority harry reid. he spoke. from what you know about the details of this biden deal, did we get it right? is there any other detail you're aware of here? >> i'm not aware of all the specifics. i think generally you outlined what i have understood as the present status of negotiations. all of us believe i think that going over the cliff should not be the option that we follow. but it's been very, very difficult to get any kind of agreement in this congress. i don't...
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we have senator harry reid on the floor. dagen: there is senator harry reid. >> it is for the date only. they will. dagen: roughly ten minutes each. >> mr. president, i was disturbed to read in the washington post this morning that some kind of agreements are being made here. somehow, the democrats have agreed to raise the level. dagen: we will monitor what is going on on the senate floor. we will see if senator harry reid has more comments to make. rich, my apologies for interrupting you and the congresswoman. i handed off to you. rich: this is where any time a congressional leader shows up, we are all over it. congresswoman, you are saying, the house has already voted to extend the tax cuts. tax rates go up for everyone or possibly maybe that five that 500,000 threshold. is that something you can still support? >> it was going to be 1%, on the top 1% for one year. here we are 100 years later and look at the mess. that is why we need systemic tax reform. what people want to see is us putting our focus on the spending side o
we have senator harry reid on the floor. dagen: there is senator harry reid. >> it is for the date only. they will. dagen: roughly ten minutes each. >> mr. president, i was disturbed to read in the washington post this morning that some kind of agreements are being made here. somehow, the democrats have agreed to raise the level. dagen: we will monitor what is going on on the senate floor. we will see if senator harry reid has more comments to make. rich, my apologies for...
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i would say to harry reid bring a bill to the floor of the senate and let's start voting. quit trying to cut deals behind closed doors. get to the floor of the senate. let the american people see the discussion. but as your opening report said this morning on this show, it seems like the president is handcuffing harry reid from bringing a bill to the floor now. the president i believe is slowing down the process, not helping. >> senator barrassow, thanks. >> thanks so much for having me. >>> bad weather in the northwest may be to blame for a tour bus accident that killed 9 and injured at least 20 others. as lee cowan reports the bus lost control and went down an embankment. >> reporter: a steel guardrail along the rural park did little to keep the tour bus and the roughly 40 passengers from going over the 85-foot drop. dozens of rescuers followed a black scar down to the bottom of the ravine, resting upright but damaged. getting down to the injured and dying was a process. >> there was snow on the ground which made it pretty treasure rush, so we used a haul system to get t
i would say to harry reid bring a bill to the floor of the senate and let's start voting. quit trying to cut deals behind closed doors. get to the floor of the senate. let the american people see the discussion. but as your opening report said this morning on this show, it seems like the president is handcuffing harry reid from bringing a bill to the floor now. the president i believe is slowing down the process, not helping. >> senator barrassow, thanks. >> thanks so much for...
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harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of what's going on just as the house speaker on the other side of the capitol is as well but these two men are probably hopefully going to work late into the night, maybe early in the morning to see if they can come up with some way to put this in real terms for americans, some way to avert the taxes for every american going up in a big way starting tomorrow night. >> so it's no burning the midnight oil for the senate because they're gone, and congress now, do we know? >> reporter: the senate has decided to formally -- the senate majority leader harry reid said about an hour ago that effectively there won't be any votes tonight. so the hope for getting a deal today that the senate can vote on which was the hope even going into the day, that's not going to happen. in fact, the house, they brought people back for a vote tonight just to have people here in case the senate could vote on something that they could send over to the house. none of that is going to happen ri
harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of what's going on just as the house speaker on the other side of the capitol is as well but these two men are probably hopefully going to work late into the night, maybe early in the morning to see if they can come up with some way to put this in real terms for americans, some way to avert the taxes for every american going up in a big way starting tomorrow night. >> so it's no burning the...
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. >> reporter: if these talks fail overnight, senate majority leader harry reid says he'll push a white house fall back bill, raising taxes only on families making over $250,000 a year, and also extend unemployment benefits for 2 million americans, that could face an up or down vote in monday's session. >> we're going to come in 11:00 a.m. tomorrow morning, and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: so much at stake for your wallet. because if we go off the fiscal cliff, it will be the largest tax increase since world war ii. not to mention the fact that if there's no deal, the markets may react in a very negative way. at the white house, ed henry, fox news. >>> let's bring in fox 5's political analyst mark plotkin for more insight. good to see you. >> good to be here. >> despite the setback, both sides are saying there will be a deal. i'm wondering, is there political theater, and if so, what does it aid? >> i think a deal will be minimal. both parties are concerned that they will look bad. right now polls show that the publi
. >> reporter: if these talks fail overnight, senate majority leader harry reid says he'll push a white house fall back bill, raising taxes only on families making over $250,000 a year, and also extend unemployment benefits for 2 million americans, that could face an up or down vote in monday's session. >> we're going to come in 11:00 a.m. tomorrow morning, and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: so much at stake...
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senate majority leader harry reid has not moved anything. so far they are moving on. going over the fiscal cliff. meanwhile, the president talked about it today. >> democrats and republicans in congress have to get this done. but they are not there yet. they are close. but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you are supposed to do, they will use that second. >> we will continue to work on finding smarter ways to cut spending but let's not let that hold up and protect americans from the tax hike to take place in ten hours. ten hours from now. we can do this. we must do this. >> bret: it's not clear whether they can. it's not clear whether that is all of them believe they must. bring in the panel. jonah goldburg. kirsten powers if for daily beast. syndicated columnist charles krauthammer. begin with the president's statement today that happened mid-day. he framed it as ed henry said as campaign style event. middle class families behind him. didn't have a lo
senate majority leader harry reid has not moved anything. so far they are moving on. going over the fiscal cliff. meanwhile, the president talked about it today. >> democrats and republicans in congress have to get this done. but they are not there yet. they are close. but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you are supposed to do, they will use that second. >> we will...
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senate majority leader harry reid, followed by senator john thune, then senate floor speeches from barbara boxer, joe manchin, and kay bailey hutchinson. >> the majority leader is recognized. i was glad to hear that republicans have taken their demand for social security benefit cuts off the table. it should never have >> they should never have been on the table to begin with. at 11:00 in the morning. i certainly hope >> next, republican senator john thune. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on
senate majority leader harry reid, followed by senator john thune, then senate floor speeches from barbara boxer, joe manchin, and kay bailey hutchinson. >> the majority leader is recognized. i was glad to hear that republicans have taken their demand for social security benefit cuts off the table. it should never have >> they should never have been on the table to begin with. at 11:00 in the morning. i certainly hope >> next, republican senator john thune. >> thank you....
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after a day of intense talks, senate majority leader, harry reid said there will not be a deal tonight. >> there is a distance between the two sides, tpheg orbingiations continue. >> if republicans and democrats can not strike a deal, taxes will go up for almost every american, automatic cuts will kick in and millions will loose unemployment benefits. >> i want everyone to know i am will willing to get this done but i need a dance partner. >> they quickly cut the deficit by slowing the growth of social security but the senate says there is a little bit of movement when they are compromising which americans should should get ready to pay a higher tax rate. >> reporter: in an unusual move republicans here on capitol hill called on the nation's number 2 democrat, vice president joe biden, to help in negotiations, this as the white house puts the blame on the impasse on the gop. >> they say the biggest priority is making sure we deal with the deficit in a serious way. the way they are behaving is the only priority is making sure tax breaks for the wealthiest americans are protected. >> rep
after a day of intense talks, senate majority leader, harry reid said there will not be a deal tonight. >> there is a distance between the two sides, tpheg orbingiations continue. >> if republicans and democrats can not strike a deal, taxes will go up for almost every american, automatic cuts will kick in and millions will loose unemployment benefits. >> i want everyone to know i am will willing to get this done but i need a dance partner. >> they quickly cut the deficit...
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that was the time that harry reid said it would happen. tony sayegh, former press aide to gop vice-presidential nominee jack kemp and national political correspondent for talk radio news service. kirsten powers, columnist for "the daily beast" and fox news contributor. questions ten, you said the president will come out getting most he what he wants. how do you figure that? >> well the main thing that the president wanted and what he really ran on during the entire campaign was raising taxes on people who make over $250,000. it's possible that threshold could move a little bit. the president put about the a week or two ago 400,000 threshold on the table. sew we could see something that goes up to 400 or 500,000. ultimately he will end up getting tax increases that he wants on people, upper income people. and, really have, given very little up. i mean i don't think that there's, you know, that the cuts in spending. he really where he wanted to be. there is nothing being done on sequestration. at least the way it has been reported so far, wh
that was the time that harry reid said it would happen. tony sayegh, former press aide to gop vice-presidential nominee jack kemp and national political correspondent for talk radio news service. kirsten powers, columnist for "the daily beast" and fox news contributor. questions ten, you said the president will come out getting most he what he wants. how do you figure that? >> well the main thing that the president wanted and what he really ran on during the entire campaign was...
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shibani: senate majority leader harry reid saying democrats and republicans still remain very much apart but we do believe they are hammering out a framework for a fiscal cliff negotiation. we're getting some sense of a skeleton or a framework. ashley: something. shibani: we have rich edson, i believe standing by with us to give us details what is emerging. also peter barnes. rich, what looks like will come and be brought to the president in a few moments time we hope? >> well the p.m. is the spending cuts and automatic spending cuts known as the sequester. we'll get to that in one second. here is the current framework lawmakers are working with, top republican and democrat negotiators t would exempt income of 400,000 for individuals. $450,000 for families from tax increase amounts go to clinton era rates, top rate there, 39.6%. permanently patches all the tern any of minimum tax to assure unless of americans avoid paying amt. estate tax goes to 40%. all amounts exempt up to $5 million. one year extension of unemployment benefits. delay in the ski questionster, that is what they're talki
shibani: senate majority leader harry reid saying democrats and republicans still remain very much apart but we do believe they are hammering out a framework for a fiscal cliff negotiation. we're getting some sense of a skeleton or a framework. ashley: something. shibani: we have rich edson, i believe standing by with us to give us details what is emerging. also peter barnes. rich, what looks like will come and be brought to the president in a few moments time we hope? >> well the p.m. is...
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senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us agree the chained cpi is off the table in these negotiations. president obama continued to put public pressure on republicans during his appearance on "meet the press" today. >> it is very important for republicans in congress to be willing to say, we understand we're not going to get 100%, we're willing to compromise in a serious way. >> joined by congressman barney frank of massac
senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained...
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the white house is in constant contact with the democratic leader harry reid. and they're working towards some kind of an agreement. but the white house has all along had -- during these past few days, been somewhat hopeful that they could reach some kind of agreement in the senate. all along, they have been far less optimistic that there would be an agreement that can get through the house. only because from the white house's perspective, from democrats' perspective broadly, they've been let down time and again by speaker boehner. they've never been able to reach a deal with speaker boehner. and now with this news that the house is going to be breaking for the evening, it does look like that might happen again. now, there's one reason, wolf, why they are filling this package with measures that could appeal to democrats, not just, as you mentioned, increasing, letting taxes for the highest income earners go to clinton rates. also extending unemployment benefits. but also it includes tuition credits and tax credits for kids because these are designed to woo demo
the white house is in constant contact with the democratic leader harry reid. and they're working towards some kind of an agreement. but the white house has all along had -- during these past few days, been somewhat hopeful that they could reach some kind of agreement in the senate. all along, they have been far less optimistic that there would be an agreement that can get through the house. only because from the white house's perspective, from democrats' perspective broadly, they've been let...
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>> well, i wasn't able to hear what harry reid just said because we were on the air. and i had the piece in my ear. so i don't know exactly any other time table he gave. but what i mentioned as you and i talked a few minutes ago was the republican source was telling me expect the negotiations to keep going, that we weren't going to get a deal immediately, that things have to be scored and prepared and then members have to get briefed. so we'll go deeper in to the day in terms of this process and when any potential votes might happen, but i would expect that if biden and mcconnell spoke at 6:30 this morning, their staffs are probably buttoning up the results of that phone call. there may be more phone calls. and then when they have got a deal, when they have it scored and agreed upon, they will come out and we'll all know it pretty quickly. but not just yet. >> reid says fiscal cliff negotiations continue. differences remain. mcconnell is not on the floor. good sign? too busy working things out in the back room somewhere? >> i would think that's a good sign. if you're
>> well, i wasn't able to hear what harry reid just said because we were on the air. and i had the piece in my ear. so i don't know exactly any other time table he gave. but what i mentioned as you and i talked a few minutes ago was the republican source was telling me expect the negotiations to keep going, that we weren't going to get a deal immediately, that things have to be scored and prepared and then members have to get briefed. so we'll go deeper in to the day in terms of this...
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they said let senate majority leader harry reid take over. there is definitely frustration in the house that it's come to this point this late in 2012 as we are heading over the fiscal cliff potentially. bottom line some some suggested there is not a tax problem in the united states, there is a major spending problem. >> history has a way of repeating itself. somehow washington never gets the message, and here we are 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> madame speaker the american people are looking at congress with distain and rightfully so. with the deadline on the fiscal cliff only hours away we've failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> reporter: so everybody is waiting to see if the senate can reach a deal on the fiscal cliff. it's not entirely clear when the house would act. i talked to a key leadership aide who he said if the senate passes a deal we could certainly signal that we will take
they said let senate majority leader harry reid take over. there is definitely frustration in the house that it's come to this point this late in 2012 as we are heading over the fiscal cliff potentially. bottom line some some suggested there is not a tax problem in the united states, there is a major spending problem. >> history has a way of repeating itself. somehow washington never gets the message, and here we are 30 years later on the brink of another crisis on new year's eve, still...
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then you tell us the this that -- about the discussion between harry reid and mitch mcconnell? >> right now there does not seem to be too much happening. we kind of had a topsy-turvy day. lots of sound and fury but not a lot of action. we had democrat to started the day, saying it will be republicans demand to change the way benefits are paid out that that was a non started to democrats. republicans said we put it out last night and an offer, we have not gotten a counteroffer from democrats and we are waiting to see where they are. both sides huddled this afternoon with their respective caucuses. republicans came out and said we are fine, we are taking the demand of the table, and democrats said they should have but that are still trying to balance the entire budget on the backs of the middle-class, and we are not there yet. what i hear from folks who are working -- the negotiations is the across the board defense and entitlement cuts does go into effect january 1 is a big sticking point in the negotiations. there is the tax piece with those trying to avoid taxes going up autom
then you tell us the this that -- about the discussion between harry reid and mitch mcconnell? >> right now there does not seem to be too much happening. we kind of had a topsy-turvy day. lots of sound and fury but not a lot of action. we had democrat to started the day, saying it will be republicans demand to change the way benefits are paid out that that was a non started to democrats. republicans said we put it out last night and an offer, we have not gotten a counteroffer from...
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i mean that's -- >> if harry reid is a dictator how come nothing ever passes the senate? it's not because he's -- -- you could say john boehner's a dictator, too. >> harry reid does not allow amendments. he does not respect the rights of the minority. it's a real problem. so you know, the people elected me. they really don't have a voice in the united states senate, because you know, harry reid fills up the tree, i know it's a technical legislative term but we do not have an open process. what we should have done as soon as the house passed the full extension of all tax rates back last summer, harry reid should have brought that to the floor of the senate, we should have had an open debate, open amendments, we should have made legislators vote on things. take a position on things. actually involve the 100 elected officials in this process. instead, we're here at the end of the year, a couple of elected officials with their unelected staffs are doing these deals behind closed doors. i don't know what's happening behind there. am i all of a sudden going to get a product som
i mean that's -- >> if harry reid is a dictator how come nothing ever passes the senate? it's not because he's -- -- you could say john boehner's a dictator, too. >> harry reid does not allow amendments. he does not respect the rights of the minority. it's a real problem. so you know, the people elected me. they really don't have a voice in the united states senate, because you know, harry reid fills up the tree, i know it's a technical legislative term but we do not have an open...
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. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor sho
. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's...
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. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount, rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition, unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor s
. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's...
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keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about this, you know, yesterday or the day before. 517 days they've had to work out the details and now we're talking about them all. brianna, we'll be busy today and may be ringing in the new year together. brianna keilar in washington. >>> a ball dropping in washington, a ball dropping in times square it looks like we'll go off the fiscal cliff. here's what it means to you. your paycheck will shrink. the payroll tax holiday is likely going away, for someone making $50,000 a year, it means $80 out of your paycheck. taxes will rise for 90% of americans by about 2,000 a year for those making between $40,000 and
keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about...
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harry reid says democrats couldn't respond. >> there is still significant difference between the two sides but negotiations continue. there's still time left to reach an agreement and we intend to continue negotiations. >> i am willing to get this done but i need a dance partner. >> so the senate will try to work on this again later today and we are talking about something small here if anything a continuation of the busheir raw tax cuts for most americans and renewal of long-term unemployment benefits. but payroll taxes will probably go up tomorrow for everyone. that's a big hit for paychecks and sec quest tore automatic cuts would take place. the markets investors are skiddish not knowing what's going to happen as a result of the midnight deadline. back to you guys. >> thank you very much doug luzader live from washington. we will check back with you. time for a look at who is talking and the fiscal cliff negotiations that's what president obama is talking about this morning. >> the president spoke to nbc's meet the press about the urgency for congress to act and placed the blame o
harry reid says democrats couldn't respond. >> there is still significant difference between the two sides but negotiations continue. there's still time left to reach an agreement and we intend to continue negotiations. >> i am willing to get this done but i need a dance partner. >> so the senate will try to work on this again later today and we are talking about something small here if anything a continuation of the busheir raw tax cuts for most americans and renewal of...
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senator harry reid left the senate and told reporters tonight if you want to know if there's a deal, talk to biden and mcconnell. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservatives who will argue that no deal is better than a bad deal that's rushed through tomorrow at the last second. that's another dynamic to keep in mind. >> when you said they have a history of making deals together -- >> well, one -- >> on which issues do you think the two sides may end up compromising? >> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income over 250 you pay a little more in the new rates he's proposing. now, he's been willing -- it's been reported that he's gone as high as 400,000 in the negotiations with boehner. so that's a place for agreem
senator harry reid left the senate and told reporters tonight if you want to know if there's a deal, talk to biden and mcconnell. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservatives who will argue that no deal is better than a bad deal...
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we could hear from mitch mcconnel and harry reid. because no deal to avoid a fiscal cliff there is major uncertainty . investors are embracing for trading. dow plunge would 158 points on friday. it was the longest state of losses since july. there is a sell off over seas today to lock in profits. >> another major health scare for secretary of state hillary clinton. >> she was supposed to be back on the job this week. she is instead waking up in new york city hospital new york presbyterian. a blood clot in a follow-up exam. she was forced to cancel the hearing. lawmakers said a hillary clinton must testify before a vote can happen with senator john kerry. nine people are killed and two doysen are injured when a bus crashed off a highway. the bus was driving through a mountain pass. the bus plummled 200 feet down the slope. >> famous ball drop in sometimes square. beefing up security and thousands of extra chromes scattered in the crowd. trust me they are e top of unifs there will be bomb sniffing dogs commissioner ray kelly will said
we could hear from mitch mcconnel and harry reid. because no deal to avoid a fiscal cliff there is major uncertainty . investors are embracing for trading. dow plunge would 158 points on friday. it was the longest state of losses since july. there is a sell off over seas today to lock in profits. >> another major health scare for secretary of state hillary clinton. >> she was supposed to be back on the job this week. she is instead waking up in new york city hospital new york...
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aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or frankly, the courage to close the deal. >> i will say this. i think that the republican leader has shown absolutely good faith. it's just that we are apart on some pretty big issues. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> mitch mcconnell, who you just heard from there, is trying to enlist vice president joe biden in the fiscal cliff talks. in the absence of a deal, senator reid is prepared to hold a bill on the president's backup p
aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's...
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harry reid and mitch mcconnell. that seems to be what's happening, although vice president biden has stepped in because reid can't hold his group together. >> republican congressman of georgia, jack kingston. thank you for your time. >> thanks, chris. >>> president obama will be making a statement on the fiscal cliff moments from now at 1:30 eastern time. stay with us for live coverage of that. next, an update on secretary of state hillary clinton's health scare. >>> minutes from now medicine prez obama will make a statement about the state of the fiscal cliff negotiations. stay with us for live coverage of it. >>> meantime, secretary of state hillary clinton is under observation at new york -- at a new york city hospital today. her spokesman says she was admitted sunday for a blood clot stemming from the concussion she sustained during a recent bout with the stomach flu. nbc's chief science and health correspondent bob bazell is at new york presbyterian hospital where secretary clinton is being treated. bob, i know
harry reid and mitch mcconnell. that seems to be what's happening, although vice president biden has stepped in because reid can't hold his group together. >> republican congressman of georgia, jack kingston. thank you for your time. >> thanks, chris. >>> president obama will be making a statement on the fiscal cliff moments from now at 1:30 eastern time. stay with us for live coverage of that. next, an update on secretary of state hillary clinton's health scare....
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but any deal that comes from harry reid and mitch mcconnell in the senate will ultimately have to make it through the republican-controlled house. now joining me is someone who knows that reality all too well, maryland democratic congressman chris van hollen, the ranking member on the house budget committee. congressman, thank you for taking the time. >> chris, great to be with you. >> absolutely. i want to talk to you first about sort of the mood. kelly o'donnell mentioned that this is a conversation happening between a very small number of people and house democrats largely not in that conversation. a huge moment before the holidays where john boehner was unable to bring his bill up. what is the mood in the house, both democrats and republicans? are you guys just playing wait-and-see? do you have an expectation that if the senate passes something, the house is at least going to take it up? >> well, that has to happen, as you just said, in order to get this done. the house not only would have to take up an agreement that came out of the senate, obviously, we'd need a majority vote, re
but any deal that comes from harry reid and mitch mcconnell in the senate will ultimately have to make it through the republican-controlled house. now joining me is someone who knows that reality all too well, maryland democratic congressman chris van hollen, the ranking member on the house budget committee. congressman, thank you for taking the time. >> chris, great to be with you. >> absolutely. i want to talk to you first about sort of the mood. kelly o'donnell mentioned that...
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reid to bring to a vote his plan and that plan is to save those bush-era tax cuts for the middle class and also to save those unemployment benefits. he says he wants a straight "up" or "down" vote and if there are republicans who do not want this plan, they can vote no but he says the pickup has a right to know who is holding up tax breaks for the middle class. >> getting interesting. the market was down all five days last week although it was off christmas and lord knows it will go down if they don't get this thing figured out. danielle nottingham live in d.c., thank you. >>> and remember, you can keep tabs on the "fiscal cliff" talks 24/7 by logging on to our cbs5.com website. >>> a new health problem for secretary of state hillary clinton. she has a blood clot. she is in the hospital in new york this morning. the clot was discovered yesterday in a follow-up exam following the concussion she had this month. her spokesman says the clot is related to the concussion but is not saying exactly where that clot is located. she is being treated with anticoagulants and will stay in the hospit
reid to bring to a vote his plan and that plan is to save those bush-era tax cuts for the middle class and also to save those unemployment benefits. he says he wants a straight "up" or "down" vote and if there are republicans who do not want this plan, they can vote no but he says the pickup has a right to know who is holding up tax breaks for the middle class. >> getting interesting. the market was down all five days last week although it was off christmas and lord...
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harry reid and mitch mcconnell do have one, it's on again, off again, but it can deteriorate quickly as we saw yesterday. biden is important. if there's anybody with a personal relationship in the white house -- if you can fault the white house for one big thing, it's the lack of developing a personal relationship with mitch mcconnell, between the president and him. there is one between joe biden and him. >> chuck todd, thanks. >> you got it. >>> let's get to the morning's other top stories. andrea canning is in for natalie at the news desk. good morning. >> good morning. and happy almost new year's to you. and happy new year's to you at home. authorities are hoping to speak with a seriously injured bus driver. at least nine people were killed and 26 injured. the bus was returning to canada after a trip to las vegas. >>> the woman charged with pushing a stranger to his death in front of a new york city subway train thursday reportedly has an issue of mental health issues and three previous arrest s. erica men endez targeted a 36-year-old native of india because she blamed, quote, mus
harry reid and mitch mcconnell do have one, it's on again, off again, but it can deteriorate quickly as we saw yesterday. biden is important. if there's anybody with a personal relationship in the white house -- if you can fault the white house for one big thing, it's the lack of developing a personal relationship with mitch mcconnell, between the president and him. there is one between joe biden and him. >> chuck todd, thanks. >> you got it. >>> let's get to the morning's...
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harry reid said this yesterday. [video clip] >> the republicans have taken the benefit cuts off the table. there is still significant distance between the two sides but negotiations continue. there is still time left to reach an agreement. host: those negotiations moved into the evening. the house coming back at 9:00 p.m. eastern for morning business. votes would happen sometime after 10:00 a.m. front-page of "the new york times." let me read a few sentences. host: that is the front page of "the new york times." good morning from maine. caller: good morning. thank you for taking my call. we have been corralled into involuntary servitude. this has been our history. i do not want to support a military and industrial complex that wants to sell arms globally. i do not want to support life- ending measures. this is where we of fallen into a trap. they may want to close a door on us. tomorrow is the 150th anniversary of the emancipation proclamation. host: thank you for the call. george monroe has this -- much of the acti
harry reid said this yesterday. [video clip] >> the republicans have taken the benefit cuts off the table. there is still significant distance between the two sides but negotiations continue. there is still time left to reach an agreement. host: those negotiations moved into the evening. the house coming back at 9:00 p.m. eastern for morning business. votes would happen sometime after 10:00 a.m. front-page of "the new york times." let me read a few sentences. host: that is the...
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and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a
and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these...
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the negotiations between harry reid and mitch mcconnell hit an impasse. mcconnell called biden. they were apparently able to break that impasse by reasoning together. that's the way our democracy works at the end of the day, when it works, people being reasonable in a room together based on a reservoir of trust. and that's an asset biden brings to the table. >> john, you talk about being reasonable, you would think that congress, a room full of lawmakers, they know how to negotiate, they know how to take baby steps so each side at least feels they're getting a little bit of what they want. can -- why did they have to call biden in at the last minute? why didn't they call him earlier? why are we here today on the last day of december? why couldn't this have been done weeks ago? >> deb, we're here at the last day of december in the final hours because of a culture of division and dysfunction in washington, d.c. and it didn't happen overnight. it has been created over a long time, because the polarization of the two parties, the system of redistricting that reduced the number of sw
the negotiations between harry reid and mitch mcconnell hit an impasse. mcconnell called biden. they were apparently able to break that impasse by reasoning together. that's the way our democracy works at the end of the day, when it works, people being reasonable in a room together based on a reservoir of trust. and that's an asset biden brings to the table. >> john, you talk about being reasonable, you would think that congress, a room full of lawmakers, they know how to negotiate, they...
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reid said he wouldn't bring it up for consideration. the democrats can't have it both ways. can't criticize the speaker for not passing the bill. tame saying the president wouldn't veto it. it probably won't pass. the reality is we did pass the bill. on august 1st. done in a bipartisan way, done plenty of time in advance and now it is up for the senate to actually act. that's the way it works. remember that? i'm just a bill on capitol hill? we pass a bill, it goes to the senate, they have to do their job. they went golfing last week, went on vacation and now not convening until 11:00. >> i am not hearing anything new. here is what's so maddening. i'm hearing us fighting about the same -- >> a lot of it seems procedural at this point which seems annoying. >> can't we be united. when chris van hollen and myself, we are bipartisan in the house in saying the senate has actually got to do their job. i have only been in congress four years, okay? i voted against the things that created this mess. i didn't create this mess, but the united stat
reid said he wouldn't bring it up for consideration. the democrats can't have it both ways. can't criticize the speaker for not passing the bill. tame saying the president wouldn't veto it. it probably won't pass. the reality is we did pass the bill. on august 1st. done in a bipartisan way, done plenty of time in advance and now it is up for the senate to actually act. that's the way it works. remember that? i'm just a bill on capitol hill? we pass a bill, it goes to the senate, they have to do...
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kyle this. >> reporter: we just heard from senate majority leader harry reid. he said discussions don't this hour and the single most important goal remains to protect the middles can. hitch mock connell and vice president joe biden picked up negotiations again this northerning after talking yesterday -- morning after talk as yesterday. democrats want to raise taxes on householding making $450,000. republicans are hoeing out at $550,000. without a deal, income taxes will go up on all americans tomorrow. some lawmakers expect a short- term deal to keep that from happening but they are running out of that time to get it done. >> any time you are putting a deal together, it's always the details that will give you. you have to get the details done. there is a lot of backroom operation going on right now, making sure all of the i-s get dotted and the ts crossed. >> reporter: house speaker john boehner says they would take up a proposed senate bill and either pass it or amend it and send it back to the senate for approval. there's now less than 13 hours for both part
kyle this. >> reporter: we just heard from senate majority leader harry reid. he said discussions don't this hour and the single most important goal remains to protect the middles can. hitch mock connell and vice president joe biden picked up negotiations again this northerning after talking yesterday -- morning after talk as yesterday. democrats want to raise taxes on householding making $450,000. republicans are hoeing out at $550,000. without a deal, income taxes will go up on all...
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earlier the top senate democrat harry reid did not say much. >> discussions continue today on a plan to protect middle class families from a tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: i've talked to numerous people involved in these very delicate talks at this point who are expressing a lot of concern about peuz coming out at the the bottom of the hour to talk about this issue at such a delicate time in negotiations. >> thank you for that report. when the president does come out we'll bring it to you live here on fox news. rick: you just heard mike talking about the fight over new spending and a lack of budget cuts in this possible deal. the reuters news service reported a couple of minutes ago that the tentative deal now being hammered out in washington contains no new spending cuts. stu varney host of varney & company. >> that is a very big deal. if the issues of debt, debt accumulation, deaf sits and spending are not addressed then this financial mess, this wrangling on the fi
earlier the top senate democrat harry reid did not say much. >> discussions continue today on a plan to protect middle class families from a tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: i've talked to numerous people involved in these very delicate talks at this point who are expressing a lot of concern about peuz coming out at the the bottom of the hour to talk about this issue...
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senate majority agree -- leader harry reid came to the floor and did not have much of an update. if there is is going to be a deal today, it will be between mr. mcconnell and mr. biden. there is little in the way of ongoing conversation between mr. reed and mr. mcca mcconnell. >> what about the mechanics of any deal if there is an agreement at least in the senate -- how quickly can come to the floor and how likely is it we can see action on the house floor later today or tonight or tomorrow? >> it becomes tricky. we know what the allies of any deal would be. they have been bandied around for about two years. translating the outline of the deal in legislative language is difficult and the staff would have to work in overdrive to get that done and they have to make sure all 100 senators know what they are voting on and to make sure there are enough to vote affirmatively before they bring it to the floor. you don't know what the house conservatives will think of any deal that involves an increase in taxes and we don't know what house democrats especially on the liberal side of the s
senate majority agree -- leader harry reid came to the floor and did not have much of an update. if there is is going to be a deal today, it will be between mr. mcconnell and mr. biden. there is little in the way of ongoing conversation between mr. reed and mr. mcca mcconnell. >> what about the mechanics of any deal if there is an agreement at least in the senate -- how quickly can come to the floor and how likely is it we can see action on the house floor later today or tonight or...
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. >>> el líder de la mayoría demócrata del senado, harry reid, dijo que espera que a las 11 de la mañana de hoy puedan dar una buena noticia. >>> republicanos y demócratas buscan dar un anuncio de último minuto para la protección a los ciudadanos de un aumento de impuestos. >>> nuestra prioridad debe ser asegurar que no se aumenten los impuestos para las familias de clase media ,porque le haría mucho daño a la economía dijo el presidente barack obama, y dijo que al menos el congreso debería aprobar los beneficios de desempleo para 2 millones de personas. >>> muchas personas están preocupados ante los posibles recortes. >>> la casa blanca dice que hay que aumentar los impuestos para los que ganan más de 250 mil dólares al año , mientras que los republicanos quieren que no se aumente los impuestos estatales. >>> es simplemente un alza de los impuestos que perjudica a la clase pobre y media de estados unidos, la otra situación es la eliminación de los beneficios de desempleo. >>> pero también afectaría a las inversiones y el gran temor es que el país caiga en una recesión e
. >>> el líder de la mayoría demócrata del senado, harry reid, dijo que espera que a las 11 de la mañana de hoy puedan dar una buena noticia. >>> republicanos y demócratas buscan dar un anuncio de último minuto para la protección a los ciudadanos de un aumento de impuestos. >>> nuestra prioridad debe ser asegurar que no se aumenten los impuestos para las familias de clase media ,porque le haría mucho daño a la economía dijo el presidente barack obama, y dijo...